I want to be rich (not Vos)

Kugzilla

Roar. Go: Eagles, Flyers, Philles, Buckeyes, etc.
Oct 7, 2005
9,850
378
448
Northern Virginia
#1
I am a Master's educated professional who makes a good living, as does my wife. We have lovely children, and own an investment propoerty that pays for itself, but we don't profit from per se. We are essentially middle class.

That said, there's got to be Wackbaggers who are very successful and/or rich or on the way to being rich.

So, open forum-what's working for you? Advice? Share the wealth?

Just askin'
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
41,824
9,246
768
#2
work till you drop dead, that seems to be working for me.....:rolleyes:
 

Creasy Bear

gorgeousness and gorgeousity made flesh
Donator
Mar 10, 2006
48,435
36,489
628
In a porn tree
#4
My wife is a doctor and she makes a tidy sum... $300K+/year, but what really helped to feather our nest was getting very, very, very lucky in the real estate game on Long Island over the last decade. A whole combination of residential, commercial, and flippers... all of which, due just as much to dumb luck and good timing as any business genius on my part, made us a tidy profit.

I wouldn't recommend trying to milk the Long Island real estate cow these days however, I'm pretty sure that beast has gone dry.

We recently "cashed out" of Long Island and moved to Indianapolis. We couldn't take the crush of the NY metro area anymore... anyone who lives in that area knows exactly what I mean by "the crush"... the crowds, the traffic, the taxes, the savages, etc...

On Long Island we were merely comfortable, in Indiana we're filthy rich, and rolling in clover. What's more... being "comfortable" on Long Island doesn't mean you can relax... especially in light of the fact that my wife is a doctor. In the NY metro area, for every doctor there are 50 lawyers drooling for a chance to latch onto your neck and bleed you dry... and they won't quit until they've got everything including the fillings out of your teeth. You can't even protect your house and home in NY(like you can in some states).

As far as I'm concerned, we got out of that mess not a minute too soon... we managed to move our cheese before someone ate it.

I guess my advice would be to make hay where and when the sun shines, and then run for greener pastures.

That's my story... sorry... if you're looking for a get-rich-quick scheme... I got nothing.

Except...

KranMars Delicious Mystery Appetizer!


Sell it, and you'll make a fortune!
 
Jun 2, 2005
15,516
4
0
Dallas
#5
The secret is to live well within your means... I'm not exactly sure what sort of advice you're looking for.

If you make 300k a year, live off of 200, and stick the other 100 into some sort of investment whether it be CDs, bonds, a stock investment account, real estate, etc.

Other than that, you could take whatever expertise you have and start your own company, spend a few years building a solid clientel, and selling it off to a larger competetor. (Which is whatg most of my better off friends have done)
 

MrAbovePar

En Taro Anthony
Mar 14, 2005
13,775
3,168
678
Covington. La
#6
The key to investments is to start young, grow it up then muscle it to make more down the line.
 
Aug 5, 2004
4,497
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#7
Play Internet BlackJack.. you cant go wrong
 
Feb 20, 2006
8,646
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**** Island
#8
My advice would be to get rid of all of your debt except for your mortgage. Live well within your means and save every dime that you can and put it into some diversified retirement accounts. Do this for the rest of your life. Is it exciting or glamorous? No, but you'll sleep better knowing you have a fat nest egg. Plus at some point you will have fuck you money. Not necessarily millions but enough to sustain your expenses so you only have to work if you enjoy the job.

That's my American Dream; having fuck you money. I should be there in about 15 years.
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
41,824
9,246
768
#9
you could be dead tomorrow, spend like a sparkling wiggle on the first friday of the month
 

LiddyRules

I'm Gonna Be The Bestest Pilot In The Whole Galaxy
Jun 1, 2005
141,477
49,803
644
#13
I just want to make enough to pay off all my student loans, get a nice apartment with my chick, have enough not to panic about losing it all if something were to happen and get a vasectomy.

What I hope for is finding my true calling, realizing I have a talent, achieving winfall, death of a long lost relative, death of parents (with hopefully hidden assets), death of self or some major robot war that will wipe out my student loan payments.
 

dodisman

Registered User
Feb 20, 2005
3,327
0
461
#15
I wish I had the secret...I make a great living but dont own any real estate...i just plug away into my 401K but am constantly looking to find something that will give me some freedom financially...i have the brains and skills but not sure I have that killer business savvy to know when and where to strike...
 
Jan 25, 2006
33,635
4,413
578
Saint Louis
#17
Liquidate all assets, put it all on Black at a roulette table.
If it works you're rich(er)
If it doesn't, well you're fucked.
 

Kugzilla

Roar. Go: Eagles, Flyers, Philles, Buckeyes, etc.
Oct 7, 2005
9,850
378
448
Northern Virginia
#20
Best advice?

Don't move to Hawaii
Oddly enough, with the relocation package we are getting (it's from my wifes' job) we will very likely be able to kill almost all of our outstanding debts and enter life there out of the red for the first time in a while. Our debt is good debt, like home improvement stuff and what not, and if we can't sell out house here, her company will buy it, so we could stand to make out alright if we are smart, which she is.

So, stay tuned. They are flying us out for a househunting trip in a few weeks.

Perhaps bringing OandA to Hawaii could be profitable?
 

VMS

Victim of high standards and low personal skills.
Apr 26, 2006
10,309
2,650
586
#21
work till you drop dead, that seems to be working for me.....:rolleyes:

The secret is to live well within your means... I'm not exactly sure what sort of advice you're looking for.

If you make 300k a year, live off of 200, and stick the other 100 into some sort of investment whether it be CDs, bonds, a stock investment account, real estate, etc.

Other than that, you could take whatever expertise you have and start your own company, spend a few years building a solid clientel, and selling it off to a larger competetor. (Which is whatg most of my better off friends have done)
These are the two best pieces of advice on the thread.

Wealth is a mindset more than anything else. It's not driving the Aston Martin (though I have some hopes to be behind the wheel of my own someday...), it's a matter of recognizing opportunity while being skeptical enough not to get into the wrong thing.

In the last month, I've considered opening a coin-operated laundromat, a beer distributorship, a gas station, a restaurant, a strip club, and a chain of brothels in China. It's all a matter of being able to look at the world and seeing a lot of opportunity AND seeing the dangers of what you're getting into. It's perseverance, it's dedication, it's not seeing your wife and kids for weeks on end while you bust your ass.

And here's the real secret: you'll get to that point, and you'll see the next level of "wealthy". And you're going to kill yourself to get to that next level. And then the next, and the next, and the next. Shit, Bill Gates is busting his ass and screwing Melinda every other month instead of eating strawberries off the tits of hookers: he's got the money-making jones.
 

Kugzilla

Roar. Go: Eagles, Flyers, Philles, Buckeyes, etc.
Oct 7, 2005
9,850
378
448
Northern Virginia
#22
I think, if all goes well, when we get to Oahu, we'll be balanced and will be able to live within our means ans start saving. In fact, I don't think I will have to work for a while...so maybe I can get back to doing some of the things that I love to do-and maybe find a way to help us all be fulfilled...and maybe be comfortable.

You should see some of the freaking houses on Oahu-it's just ridiculous...while looking for an affordable place, I came accross one that was 93000 a month...

Thats just obscene.
 

reddog_2711

Registered User
Jan 11, 2007
1,126
62
433
Rochester, NY
#24
In all seriousness, making extra cash on top of my salary is something that has been on my mind alot lately.

I just recently put my website back online (see my sig below) but haven't done anything with it yet. I used to sell VHS tapes on there (No, none with me in them) but was driven out of business when recordable DVD's came on the market, and shut the website totally down about 3 years ago, but kept the domain name.

My intentions when putting it back online was to sell the name, but I figured that it would be helpfull to put it back up for a few months to get traffic to it first so it would be worth more. Then I got thinking about it, and there's got to be some way to make money off of it, but I'm coming up totally blank. I'm not talking about getting rich or quitting my day job, but even if it made a tiny profit each month, it would be worth it, but like I said, I just need to think of what to do on there. :huh::huh:
 

abudabit

New Wackbag
Oct 10, 2004
14,802
0
0
#25
Fructose, ride the fructose wave all the way to the tropics.